Even with all of that bad news swirling around Samsung, the South Korean company can at least take solace in the fact that its Galaxy S III has knocked the Apple iPhone 4S off its perch as the best-selling smartphone in America.

Samsung Galaxy S III

"We believe this is the first month since the iPhone 4S launched in October 2011 that it was not the top-selling smartphone in the U.S. market," said Canaccord Genuity analyst T. Michael Walkley.

However, Samsung's victory over Apple may be short-lived. Apple has officially confirmed a September 12 press event to announce the next generation iPhone. Sales will likely start towards the end of September.

quote: As much as many hate to admit it, Steve Jobs really was a bright mind. It just wasn't so much over technology as it was about supply and demand and how to keep the dynamic favorable for Apple.

I don't think Tim Cook is too saavy in this regard and I feel as though we have seen Apple at its prime as it pertains to the consumer's perspective.

That is such an epic fail. Steve Jobs was at the cutting edge of the industry for forty years while Tim Cooke is considered one of, if not the best, supply chain manager on the planet.

The iPhone sales dip before it's refresh every year and every year it's whipped up into the beginning of the end for Apple.

Now the bricks lay on Grand StreetWhere the neon madmen climbThey all fall there so perfectlyIt all seems so well timedAnd here I sit so patientlyWaiting to find out what priceYou have to pay to get out ofGoing through all these things twice